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Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions (17710 Views)

Releasing Money As High As ₦2,500,000 Is Dangerous - Police To POS Operators / Police Return N9.9million To Owner After It Was Mistakenly Transferred To POS / Nigerians Shun Pos Transactions Over Charges (2) (3) (4)

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Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Cmanforall: 10:21pm On Feb 08
Hermaphrodite2:
Cash out time for flutter wave

What a loss to the owners of the account


No matter how hard flutterwave tries to recover the lost fund, it can't be 100% recovered

Assuming I did an authorized transaction, will I be gullible enough to leave the money in that account.

Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by TUANKU(m): 10:21pm On Feb 08
Flutterwave...SEC/NDIC needs to take a closer look at this company.
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by o123456789(m): 10:31pm On Feb 08
muyico:
My frnd sent money to one lady living at ph, to come Ibadan, he sent 15k to d lady tru opay acct, but d lady don block him on fb, but he still ve d transaction details,how can he recover d money?
Let's imagine I am the girl, and you have my full address, then what will you do? Will you go to fro Ibadan to PH? or will you report to police or get a court order? Just calculate the cost of any of your actions, else you will end up loosing more money!!!
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by treatise: 10:41pm On Feb 08
Hermaphrodite2:
Cash out time for flutter wave

What a loss to the owners of the account

No matter how hard flutterwave tries to recover the lost fund, it can't be 100% recovered

Assuming I did an authorized transaction, will I be gullible enough to leave the money in that account.

Funds go don waka before dem discover the the glitch.
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by StanleyMentor1: 10:47pm On Feb 08
treatise:

Funds go don waka before dem discover the the glitch.
No be lie, with immediate effect.
Flutterwave combined with discovery channel no fit recover the whole money

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Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by tivity101: 10:53pm On Feb 08
Anything that carries the name "technical glitch" abeg forget am I nor sure say hope dey. O so pe ti lo, E don cast if not our 2023 presidential election here them say BVAS get technical glitch so results could not be uploaded. Na the outcome we all dey enjoy so. If na lie ask Prof Yakubu

1 Like

Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by muyico(m): 10:54pm On Feb 08
I wanna help him to hack her acct, but opay isn't helping d mata,despite evidence I sent to them! That money pain me like I was d1 been hits, nah so one girl run away with my figo here in Ibadan, but she didn't block me,
but expecting more from me to come again,but playing gurlz online dey sweet!
o123456789:
Let's imagine I am the girl, and you have my full address, then what will you do? Will you go to fro Ibadan to PH? or will you report to police or get a court order? Just calculate the cost of any of your actions, else you will end up loosing more money!!!
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by GABRIEL6036: 12:21am On Feb 09
Another gbas-gbos from druggee regime
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Rolings: 2:52am On Feb 09
o123456789:
Let me just tell you this plain truth, there is a silent battle of monopoly that is fashioned against Opay... It is evident that Opay POS is very reliable hence the attack just to bring down the company using KYC as the evil arrow head!!!

No big deal
There are leaders in evey sector
And there always the possibility of the big ones wanting to lord it over the small ones
Its nature
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by highoctane: 4:43am On Feb 09
o123456789:
Let me just tell you this plain truth, there is a silent battle of monopoly that is fashioned against Opay... It is evident that Opay POS is very reliable hence the attack just to bring down the company using KYC as the evil arrow head!!!

They all know that OPAY ain't a push over. Some banks and financial institutions re afraid of them.
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by tabaralph: 5:26am On Feb 09
Hermaphrodite2:
Cash out time for flutter wave

What a loss to the owners of the account

No matter how hard flutterwave tries to recover the lost fund, it can't be 100% recovered

Assuming I did an authorized transaction, will I be gullible enough to leave the money in that account.


That’s why KYC is a goal,you will still be tracked through your phone, emails, references, physical address,NIN,BVN, if all these fail you will be declared wanted
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by PHAYOL81: 5:28am On Feb 09
Guess some peeps are about to cough out some illegitimate funds they have even forgotten to have swallowed. But how easy can that be？ I think, we'd have to patiently watch how things unfold.
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Blazadenise(m): 5:30am On Feb 09
Otilo.... Recover ko revival nii

1 Like

Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by sweetgala(m): 5:55am On Feb 09
1nigeriamyfoot:
There's possibility its the work of an insider

Many of the affected bank account owner will be affected for something that they knows nothing about

However, if they met with strong company that has a verifiable busines deals with 3rd or 4th recipient, they will be free from this madness

Flutterwave knows very well that most of the frozen bank accounts belong to innocent traders

Fluterwaves should be ashamed of tbemselves

Oga if an unknown amount is credited into my account I'll be able to notify my bank rather than spend it.

This same thing had happened in UK a d Ireland most recently and the bank sent a letter to individuals who erroneously thought they had benefited from free money their accounts were essentially debited and if you close that account they can get bailiffs after you which is even worse
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by EconomistXplain: 7:12am On Feb 09
nstore:
shocked
"...$24 million illegally transferred by POS merchants..
..certain POS device merchants abused their access by conducting unauthorized transactions..."

so in ur mind, u thoght any pos merchant received as low as 1 million..?


that money could b divided by 50k per pos...

the best is, if u must do transfer, let it b a limit of 20k....alot of illegal money money is flying
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by laivwire(m): 7:23am On Feb 09
Debt recovery is usually herculean. Even if you get the customers, say the ones with substantial amounts, they would still drag the process and end up drafting a debt repayment schedule spread over such a timeframe that the money becomes useless.
Except, the accounts have bulk funds that can be zapped in one go.
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Ajofiapero(m): 7:43am On Feb 09
They should also recover those illegal transfers imposed on arrest victims by the police force.
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Bluffly: 8:39am On Feb 09
symbianDON:
Imagine!! I wonder if those monies can truly be recovered though.
It can
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by omotayocaleb(m): 8:43am On Feb 09
good one. lets see how far it goes.
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by DeLenity(m): 8:58am On Feb 09
RainMoreDFARMS:
Naija goats wlll be chewing & looking at u so seriously as if they are expecting u to greet them first
seriously 😂😂
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by Treasure17(m): 9:22am On Feb 09
muyico:
My frnd sent money to one lady living at ph, to come Ibadan, he sent 15k to d lady tru opay acct, but d lady don block him on fb, but he still ve d transaction details,how can he recover d money?
Lol. Without concrete evidence from both end, opay will do nothing about the transaction. Opay is not that stupid like palmpay. The time, money and mental stress it requires, it's not worth it. If it's that easy, people go dey report every transaction as erroneous transfer.
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by caye(m): 10:29am On Feb 09
o123456789:
This is not only a Flutterwave problem, illegal transfer and cashout can be done against any Bank or Fintech. My new book covers everything on how to cashout and also secure the online money vaults of any organization or company. Note that the price of this book is will no longer remain the same after this news... It was formerly $50 but now it will go for $1000.

$1000 - a thousand dollars.

...are ppl paying you?
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by o123456789(m): 5:25pm On Feb 09
caye:


$1000 - a thousand dollars.

...are ppl paying you?
Yes, people must pay, those who know the worth do buy!!!! But note that i was initially selling this book for $50 so before you plan to visit me...
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by thebar: 7:52pm On Feb 10
AgbadoDie:
Now let's me come.
Point 1. Flutterwave POS is one of the worst pos ever. I can't imagine a POS I can't even use to do normal transfer and it will go successfully.

Everytime, my pos girl will call me that people's money has hung. I keep on settling problems with my own money while steadily disturbing my Distributor. Flutterwave should do more on their machine, it is very inefficient


I'm using Flutterwave POS in my 3 shops and they're doing well. Even if there's any issue, they respond onetime to complain
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by 1nigeriamyfoot: 9:42pm On Feb 10
sweetgala:


Oga if an unknown amount is credited into my account I'll be able to notify my bank rather than spend it.

This same thing had happened in UK a d Ireland most recently and the bank sent a letter to individuals who erroneously thought they had benefited from free money their accounts were essentially debited and if you close that account they can get bailiffs after you which is even worse

You don't get it

The fraudster used those money to buy properties and goods including digital assets most time

We've heard series of complaints from those who deals in bitcoin as victims of the fraud
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by AgbadoDie: 10:27pm On Feb 10
thebar:



I'm using Flutterwave POS in my 3 shops and they're doing well. Even if there's any issue, they respond onetime to complain

Mine, if I want to do transfer, it will off. If the transfer or withdrawal eventually go through, to print receipt it will off.
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by blacknp(m): 1:51am On Feb 11
billionman:
One downside of technology. You could lose a lot in few seconds due to a simple glitch. How will they track those with incomplete KYC?
Idiot Company that ate my $1650 that year, I told them idiots that I spoke to that Jehovah will definitely punish them. Useless Criminals.
Re: Flutterwave Gets Court Order To Recover $24M Lost To POS Transactions by thebar: 9:52pm On Feb 16
AgbadoDie:


Mine, if I want to do transfer, it will off. If the transfer or withdrawal eventually go through, to print receipt it will off.


Check your network

I'm enjoying it

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